Information For Vendors

CCC serves as the clearing house for all aspects of plan administration except for the standard Payroll functions of receiving Salary Reduction Agreements, data entry into the Payroll system, and remittance of contributions to investment companies. The For Vendors main site button up top leads to Vendor-specific information designed to assist vendors in providing up-to-date company and agent information and to assist vendors in seeking payroll slots.

Important Observation

This website updated on a regular basis to communicate complete and accurate information. We welcome your feedback concerning the website. Please contact us if you have comments or suggestions.

CCC's Relationship with Banks

CCC serves as the plan administration of the 403(b) Tax-Sheltered Annuity Plan (TSA) for Banks on a contractual basis, which began on 4/21/2009. Banks is a Full-Service CCC Client. CCC is the primary point of contact for any questions concerning the Banks 403(b) Plan, please contact us with any questions.

Additional Tax-Deferred Savings Information

CCC provides educational information about advantages of tax deferred savings in general, along with links to websites that provide useful commentary and tools. Employer policies, practices, and procedures are available online, along with enrollment steps, Salary Reduction Agreement forms, and instructions for changing investment companies or contribution amounts. CCC monitors contributions for IRS compliance.

Frequently Asked Questions

If you still have questions about your employer's 403(b) plan after browsing other pages of this website, check out the answers to these Frequently Asked Questions.

Information Of General Interest

CCC provides general information that may be of interest, including CCC information & services, employee/participant resources, employer resources, vendor resources, and current CCC clients.

Plan Document for Banks

If you'd like to review the most recent Banks iteration/draft of its 403(b) Plan Document that will govern 403(b) policies for Employees of Banks beginning 1/1/2009, you may do so here. Once the Plan Document is officially adopted by the Employer's Board, the "Draft - Not Effective" banner will be removed.

Payroll Slot Rules and Requirements to Receive Exchanges and Transfers

Rules concerning payroll slots and becoming an eligible vendor to receive exchanges and transfers under the plan are contained in the plan document for Banks. We encourage vendors to contact CCC for assistance with these processes. The relevant plan document sections for Banks are linked below:

Which Optional Features Does the District Allow in its 403(b) Plan?

403(b) Optional features are either included in, or excluded from, the Plan, as specified below and as further described in the parenthetically referenced sections in the Plan Document for Banks School District No. 13. These options are listed here in abstract for convenient reference:

Catch-ups under the Plan

15 Years-of-Service Catch-up Elective Deferral Contributions:Yes

Age 50 Catch-up Elective Deferral Contributions:Yes

Contributions to the Plan

Direct Rollovers Into the Plan:Yes

Employer Contributions Allowed:Yes

Employer Post Severance Contributions Allowed:Yes

Exchanges Within the Plan:Yes

Roth Contributions:Yes

Other Plan Transactions

Hardship Distributions:Yes

In-service Distributions After Age 59-1/2:Yes

In-service Distributions From Rollover Accounts:Yes

Loans:Yes

Permissive Service Credit Transfers:Yes

Plan-to-Plan Transfers To the Plan:Yes

Plan-to-Plan Transfers From the Plan:Yes

Roth Contributions Available

Banks has decided to allow its employees to make Roth 403(b) contributions to any Banks vendor that will accept such contributions. General information about Roth 403(b) contributions, which became available for the first time January 1, 2006, is available. Check the link periodically, since new information will be provided as it becomes available. For the most recent information about which vendors accept Roth 403(b) contributions, please see Vendors below. Again, check these lists periodically, since additional vendors are likely to begin accepting Roth 403(b) contributions.

List of Vendors

For a list of 403(b) Contribution Vendors for Banks School District, along with additional Vendor information, please visit the List of Vendors page.

Transaction Types - Definitions

Click here for information about the various types of transactions associated with 403(b)accounts and information concerning the submission of transactions to CCC.